Cook County Fund Overview

The CCPF serves a very diverse membership that reflects the contributions that Cook County employees have long made to the community. For example, CCPF provides benefits to nurses whose skills assist the ill and infirm and to sheriff’s police who keep the community safe. The lifelong service of County employees are assets that are not easily quantified, but that are greatly appreciated.

Member Contributions to CCPF

Cook County employees contribute 8.5% of their pensionable salary to CCPF. (Sheriff’s Police contribute 9%.) Through their years of employment, they build service credit towards a retirement annuity or pension. An employee’s years of service and total contributions are considered in the calculation of the member’s retirement benefit. The contributions are automatically deducted from each salary distribution and are not considered taxable income in the year the deductions are made.

Assets and Income

CCPF has assets of nearly $9 billion that are invested by the Retirement Board through an Investment Consultant and 39 Investment Managers. In addition to the income earned from investment activity, CCPF receives employee contributions through payroll deductions and employer contributions derived from an annual tax levy. The Cook County employer contributions have been fixed since 1984 at a rate of 1.54 times the employee contributions made in a fiscal year. 

  2015 2014
Employees 21,596 21,656
Annuitants & Beneficiaries 17,597 17,076
Actuarial Value of Assets $9.0 Billion $8.8 Billion
Employer Contributions $186.8 Million $190.0 Million
Employee Contributions $137.7 Million $129.3 Million
Funded Ratio 55.39% 57.51%
Projected Insolvency Date 2041 2039

Financial Reports 

The list of reports below provide additional information about the financial condition of the County Fund. To view reports from prior years, visit Annual Financial Reports.

2015 Cook County Fund Popular Annual Financial Report (PAFR)
2015 Cook County Fund Audited Financial Statements
2015 Cook County Fund Actuarial Valuation
2015 Cook County Fund Comprehensive Annual Financial Report (CAFR)